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Crypto

Bitcoin MVRV momentum turns positive, echoing early 2019 and 2023 bull market pattern

Bitcoin’s MVRV momentum, an on-chain valuation indicator, has moved back into positive territory, drawing attention for resembling patterns seen in 2019 and 2023 after bearish periods. Glassnode said the Bitcoin MVRV ratio has again risen above its 365-day moving average. The signal highlights direction rather than the indicator’s absolute level, with momentum rebounding toward 1.0. Glassnode said the move does not yet imply overheating, with MVRV still below its long-term average.

Crypto

Bitcoin holds $76,000 level as early bull market talk builds

Bitcoin is holding the $76,000 level despite a U.S. Senate setback for the Clarity Act, a Federal Reserve rate hike and heavy outflows from spot bitcoin ETFs. The market is focusing on bitcoin’s ability to defend key support around $75,000 to $76,000 after briefly slipping to $75,060 and rebounding above $76,700. Some analysts cite long-term liquidity and on-chain indicators as signs of an early bull market structure.